Female stock guru Cathie Wood took advantage of June’s selloff to “buy the dip” with $75 million worth of cryptocurrency concept stocks, undeterred by Circle’s 40% crash.

Amid widespread panic over Bitcoin suffering its "worst June performance in four years," Wall Street's "Cathie Wood" once again demonstrated her diamond-handed contrarian investment conviction. According to the latest report from CoinDesk today (1st), Wood's Ark Invest aggressively bought over $75 million worth of crypto-related stocks at a discount during the June crypto sector selloff, snapping up shares of Coinbase (COIN), Circle (CRCL), and Bullish (BLSH).
(Previous context: Cathie Wood bought $4.4 million worth of Bullish in two days, unafraid of Q1 losses of $600 million)
(Background supplement: Cathie Wood clarifies Binance's innocence to CZ: The "1011 crash" in 2025 was not caused by a Binance system failure)

When the market is bleeding and retail investors are despairingly cutting losses, the Wall Street goddess of stocks often quietly enters with significant cash. This past June, Bitcoin (BTC) experienced its worst monthly decline in nearly four years, dragging down the entire cryptocurrency and blockchain-related listed sectors.

However, Ark Invest, led by Cathie Wood and based in St. Petersburg, Florida, treated this disaster as a once-in-a-lifetime "sale." According to its latest disclosed daily fund trading data, Ark heavily increased its positions in cryptocurrency concept stocks by more than $75 million in the June market lows.

Details of the three major crypto giants' bottom-fishing amounts revealed! Coinbase alone accounts for $44 million

Ark Invest's bottom-fishing this time mainly focused on the three most representative backbone companies in the Web3 ecosystem. Their increased amounts (estimated based on the closing price on the purchase day) and stock performance are as follows:

| Stock Symbol / Company Name | | --- | Ark bottom-fishing amount | June stock price decline and month-end closing price | Market status analysis | | --- | --- | --- | --- | | Coinbase (COIN) - Largest compliant U.S. exchange | Approximately $44 million | Monthly decline of nearly 20% , closing at $146.19 at month-end | Pulled back due to market downturn but remains a core holding weight in Ark's flagship ETFs (e.g., ARKK). | | Circle Internet (CRCL) - USDC stablecoin issuer | Approximately $25.25 million | Monthly crash of 40%, closing at $62.63 at month-end | On June 30, faced competition from a consortium of 140 giants launching "Open USD," resulting in a single-day drop of 18%. Wood chose to catch the falling knife. | | Bullish (BLSH) - Well-known crypto exchange (parent company of CoinDesk) | Approximately $8.2 million | Monthly plunge of 27% , closing at $23.43 at month-end | Primarily operates institutional-grade crypto trading, its valuation heavily retreated due to market volatility, attracting Ark's funds. |

Fierce rival OUSD crashes Circle's stock by 40%; Cathie Wood chooses to "catch the falling knife with tears"

In Ark's bottom-fishing list, the most notable investment on Wall Street is the bet on stablecoin issuer Circle ($CRCL). On June 30, the "Open Standard" alliance, formed by over 140 financial and tech giants including Visa, BlackRock, Stripe, Google, and Coinbase, announced the launch of a new dollar stablecoin called Open USD (OUSD) with a revenue-sharing mechanism.

This news precisely targeted Circle's business model of earning interest from reserves, causing Circle's stock to plummet 18% on that day like a free fall, and eroding a total of 40% of its market value over the entire month of June. However, instead of panicking about Circle's future, Wood adhered to her principle of "Buy the Dip," spending over $25 million to absorb the sell-off, demonstrating extreme confidence in USDC's long-term regulatory moat.

Analysts point out that Ark Invest has consistently excelled at left-side trading (contrarian position building) during short-term bearish crashes in tech and emerging crypto assets. Although Ark's net value may experience further volatility in the short term due to Bitcoin's weakness, this "all-in-one" layout by buying Coinbase, Circle, and Bullish at significantly reduced prices once again declares the Wall Street goddess of stocks' unwavering faith in a long-term rebound for the crypto industry.